SYDNEY (AFX-ASIA) – JB Were has upgraded its short term recommendation on Novus Petroleum Ltd to ‘market perform’ from ‘underperform’ following the release of the company’s 2002 results, despite cutting its earnings forecasts for the company. Novus said its 2002 operating profit after tax fell 26% to A$21 million, while it reported a bottom line…

This article is for Subscriber members only.
Log In Register